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Project risk management
Risk Management is the systematic process of identifying, analyzing, and responding to project risk. It includes maximising the probability and consequences of positive events and minimising the probability and consequences of events adverse to project objectives. It includes the processes of risk management planning, risk identification, qualitative risk analysis, quantitative risk analysis, risk response planning, and risk monitoring and control.
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- Part of Speech: noun
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- Industry/Domain: Business services
- Category: Project management
- Company: WSDOT
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